143 Draft Treasury Management Strategy Statement 2024/25 - 2026/27 PDF 492 KB
To receive a report of the Director of Corporate Operations presenting the Treasury Management Strategy Statement for 2024/25 to 2026/27, which includes the Annual Investment Strategy for 2024/25.
Minutes:
The Committee received a report of the Director of Corporate Operations presenting the Treasury Management Strategy Statement for 2024/25 to 2026/27, which included the Annual Investment Strategy for 2024/25.
It was noted that the draft version of the Treasury Management strategy was brought for scrutiny by the Committee prior to final approval by Cabinet in February. The final version of the report would be brought back to Audit Committee at the next meeting in March. Members heard that the strategy had been drafted with advice from Arlingclose and that a key variation from the previous strategy was the reduction in the investment counterparty limit to £80m, from £90m.
RESOLVED:
That the Audit Committee notes the following recommendations that
will be
made to Cabinet:
· That the Treasury Management Strategy for 2024/25 (and the remainder of 2023/24) be approved
· That authority is delegated to the Director of Corporate Operations to
manage the County Council’s investments and borrowing according to
the Treasury Management Strategy Statement as appropriate.